DELL TECHNOLOGIES INC.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages and per share amounts; unaudited; continued)

For the Nine Months Ended November 3, 2023

GAAP

Amortization of intangibles

Impact of purchase accounting

Transaction-related (income) expenses

Stock-based compensation expense

Other corporate expenses

Fair value adjustments on equity investments

Aggregate adjustment for income taxes

Aggregate adjustment for non-controlling interests

Non-GAAP

Net income attributable to Dell Technologies Inc.

$  2,051

613

10

54

675

512

36

(302)

(9)

$   3,640

Earnings per share - basic

$     2.83

$      5.03

Earnings per share - diluted

$     2.78

$      4.93

Weighted-average shares outstanding - basic

724

724

Weighted-average shares outstanding - diluted

738

738

For the Nine Months Ended October 28, 2022

GAAP

Amortization of intangibles

Impact of purchase accounting

Transaction-related (income) expenses

Stock-based compensation expense

Other corporate expenses

Fair value adjustments on equity investments

Aggregate adjustment for income taxes

Aggregate adjustment for non-controlling interests

Non-GAAP

Net income attributable to Dell Technologies Inc.

$  1,828

732

33

(2)

703

1,420

197

(494)

(7)

$   4,410

Earnings per share - basic

$     2.47

$      5.96

Earnings per share - diluted

$     2.41

$      5.81

Weighted-average shares outstanding - basic

740

740

Weighted-average shares outstanding - diluted

759

759